BR:Ford to buy Brazilian off-road automaker, source says - Ford Forums

Stacy94PGT · 01-04-2007, 09:43

Ford to buy Brazilian off-road automaker, source says

Reuters

SAO PAULO (Reuters) -- Ford Brasil will announce on Friday, Jan. 5, plans to buy Brazilian off-road vehicle manufacturer Troller, a source close to the deal told Reuters.

The acquisition will be presented by the president of Ford Brasil following an afternoon meeting with Brazil's President Luiz Inacio Lula da Silva, the source said.

Troller produces about 100 vehicles per month of two off-road models: the T4 SUV and a pickup called the Pantanal.

The company said in November that it was in talks to sell to Ford Brasil.

Stacy94PGT · 01-05-2007, 06:38

Ford to invest $1.02 billion in Brazil

Reuters

SAO PAULO, Brazil (Reuters) -- Ford Motor Co. said today it will invest $1.02 billion in Brazil through 2011 and buy off-road vehicle maker Troller.

Ford did not say how much it would pay for Troller.

Based in the northeastern state of Ceara, Troller produces about 100 vehicles per month of two off-road models: the T4 SUV and the Pantanal pickup.

The company said in November that it was in talks to sell to Ford.

Ford said the investments would be in addition to about $139 million it planned to spend on product development and capacity expansion at a plant in Sao Paulo state.

Ford has regained market share in Brazil in recent years thanks to a group of new small cars designed in Latin America's largest country and aimed at buyers in the developing world.